Market Segments to Be Targeted Using Existing or New Services

question 22

Multiple Choice

Market segments to be targeted using existing or new services can be identified using ____________.

• A)Market analysis
• B)Competitor analysis
• C)Company analysis
• D)Customer Analysis

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Definitions:

Inefficient

Lacking in productivity and not making the best use of resources, resulting in wasted effort or economic inefficiencies.

Production Possibilities Frontier

A curve depicting the maximum achievable levels of two or more products given a fixed amount of resources.

Efficient Levels

Optimal production or operation points where resources are used in the most effective manner without waste.

Production Possibilities Frontier

A graph that shows the highest possible production levels for two or more products based on certain input resources.